Comments Include: COST, OKE, U, ULTA, XOM
| COST Costco Wholesale Corporation ($917.11) - Retailing - COST broke a double bottom at $912 to complete a bearish catapult. The stock maintains a 3 technical attribute rating, but now ranks within the bottom quartile of the Retailing sector matrix. From here, initial support lies at $880, while additional may be found at $800. |
| OKE ONEOK, Inc. ($73.65) - Oil Service - OKE gave an initial buy signal Friday when it broke a double top at $75. The technical outlook for the stock remains negative as it is a 2 for 5'er that ranks near the bottom of the oil service sector matrix. From here, the next level of overhead resistance sits at $76; meanwhile, support can now be found at $71. |
| U Unity Software, Inc. ($42.72) - Software - U moved to a sell signal Friday, setting up a potential shakeout pattern. The buy point on this pattern would be initiated with a reversal back up into a column of Xs to $45. The pattern would be subsequently completed with a potential triple top at $47, while it would be negated with a violation of further support at $38. The stock has a 5 for 5 TA rating and sits near the top of the favored software sector RS matrix. Further overhead resistance may be seen at $50 from 2023. |
| ULTA Ulta Beauty, Inc. ($548.47) - Retailing - ULTA broke a triple top at $544 for a seventh buy signal since April this year and to bring the stock to its highest level since early 2024. The stock is a 4 for 5'er that ranks within the top third of the Retailing sector matrix. Okay to consider here on the breakout. Initial support lies at $512, while additional may be found at $488 and $472 on the default chart. |
| XOM Exxon Mobil Corporation ($117.32) - Oil - XOM returned to a buy signal Friday when it broke a double top at $116 and continued higher to $118, where it now sits against resistance. Friday's move adds to a marginally positive technical picture as XOM is a 3 for 5'er and ranks in the top half of the oil sector matrix. From here, the first level of support on XOM's chart sits at $106. |
